Guys... I'm not on this stock at the moment but am waiting (like Falling Knife) for a new trend to develop.
The stock recently moved from a trend south that was increasing to a position where it is now just above trend.
The stock is moving sideways at this point... it remains above trend... but only just.
Falling Knifes chart of long term resistance is rubbish... has no baring on what is happening and should be ignored.
Sorry Falling Knife... no offence.
Moving Averages, RSI and Stochastics just won't do in painting a complete picture in the charting world. You need a few more ingredients regardless of trophies.
Ciou for now.
OEX Price at posting:
36.2¢ Sentiment: None Disclosure: Not Held
